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The combined wealth of the richest 1 per cent will overtake that of the other 99 per cent of people next year unless the current trend of rising inequality is checked, Oxfam warned ahead of the annual World Economic Forum meeting in Davos.

As Typhoon Hagupit slowly pushes its way across the Philippines, Oxfam is working to ensure clean water and sanitation for affected communities and the hundreds of thousands of people seeking refuge in evacuation centres.

Typhoon Hagupit has struck the Philippines, making landfall in Eastern Samar, pummelling the coastal communities with 210km/h winds. Oxfam is ready to dispatch rapid assessment teams to survey the damage left in its path, and assess and respond to the greatest needs.

Oxfam is prepared for a major disaster response in the Philippines after Cyclone Hagupit was upgraded to a Super Typhoon – the same classification as Typhoon Haiyan – which wrought destruction on the country a year ago.

All countries must use the COP 20 Summit in Lima to resolve the impasse over “climate finance,” and make success possible at the critical Paris talks in December 2015. We also have a new report, “Breaking the Standoff” that details how current pledges are out of step with the magnitude of need in developing countries.